India's auto sales volume will take 3-4 years to recover: industry body

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India's auto sales volume will take another 3-4 years to reach 2018 levels, an industry body executive said on Tuesday, as the coronavirus-induced lockdown hurt monthly revenue and increased pressure on a sector already reeling from poor demand.

FILE PHOTO: Cars are seen parked at Maruti Suzuki's plant at Manesar, in the northern state of Haryana, India, August 11, 2019. Picture taken August 11, 2019. REUTERS/Anushree Fadnavis/File Photo

The pandemic-related disruption to the supply chain comes at a time when India’s auto industry was already facing a slowdown in demand and government rules to adopt tougher emission standards forced carmakers to hike prices, driving customers away. The Society of Indian Automobile Manufacturers , an industry body, said domestic car and SUV sales slumped 50% in June from last year, while sales of two wheelers - widely seen as an indicator of the health of the rural economy - fell 39%.

“Production has been slow to pick up due to supply chain disruption and weak demand,” said Rajan Wadhera, president, SIAM.

 

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3-4 years? What makes you so optimistic?

I am going purchase after lockdown but company will be Indian & made in India !! Then I feel a little contribution toward my country ! ! 🇮🇳🇮🇳

My god. Thats a long time.

Assuming there's anyone buying cars

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 2. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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